UK election results 2017

Britain is set for having a hung parliament with no party getting a clear majority after the snap general elections called by Prime Minister Theresa May.

To pick a majority, a party has to gain 326 seats – while the Conservatives have secure 310 seats, the Labour party is behind at 258 seats. Conservatives continue to be the largest party in the UK. The snap elections were called by Prime Minister Theresa May. The leader of the party that is able to form government will take control of Britain’s exit from the European Union – a two-year negotiation which will plot a new course for the $2.6 trillion economy. May called the snap election in a bid to strengthen her hand in Brexit negotiations, to win more time to deal with the impact of the divorce and to strengthen her grip on the Conservative Party. What next for Britain? Read.

The UK saw an election turnout of almost 69 per cent, the highest since 1997. Reports suggest that after this result, the UK government is likely to ask for more time for the process of exiting the European Union.

While May’s campaign has relied on “strong and stable leadership” and a hard exit from European Union, Corbyn has emphasised the party is for the many and not the few. Exit polls predicted a similar result, with the Conservative Party securing the maximum seats but a hung parliament with neither party securing majority. On prediction of May’s losses, Sterling saw its biggest daily fall since January before rescuing some ground on Friday.